Author: forex24pro

GOLD continue to move as part of the correction and the formation of a large ”Triangle” pattern. At the time of the publication of the forecast, the price of GOLD is 1794 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the 1765 area. Where can we expect a rebound and a…

Silver continue to move within the correction and left the descending channel. Here, an inverted “Head and Shoulders” reversal pattern is formed, which, if the formation is completed, can send the price of the metal above the level of 28.00. At the time of the forecast release, Silver prices are at 23.92. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the rise in value from the current levels. At the moment, we should expect an attempt to develop a…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the fall and the beginning of the development of the “Head and Shoulders” reversal pattern. Moving averages indicate a short-term bullish trend for the pair. Prices went up from the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of the rise in the value of the instrument from the current levels. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar…

Currency pair Dollar Franc USD/CHF continues to move as part of the correction and the bullish channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9118. Moving averages indicate a short-term bearish trend for the pair. Prices broke through the area between the signal lines downward, which indicates pressure from sellers and a potential continuation of the fall in the asset value from the current levels. At the moment, we should expect an attempt to continue the development of the depreciation of the US Dollar against the…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move through a strong correction and bullish downtrend channel. At the time of publication of the US Dollar exchange rate forecast of the Russian ruble is 71.59. Moving averages indicate a short-term bearish trend. Prices are again testing the area between the signal line, indicating that the pressure from the US currency sellers and the potential continuation of the fall of the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for the November 3, 2021 we can expect attempts of the price increase and test the…

BTC/USD are traded at 61567 and continue to move in the framework of the correction and formation of the model ”Triangle”. Capitalization of cryptocurrency Bitcoin at the time of publication of the forecast is $1,198,954,177,194. The moving averages indicate the presence of a short-term lateral trend on Bitcoin. Prices struck the area between the signal lines upwards, which indicates pressure from the “digital gold” buyers and the potential continuation of the increase in the cost of the asset is already from current levels. As part of the forecast of the cryptocurrency course, on November 3, 2021, it is worth an…

Ethereum are trading at 4348 and continue to move as part of the growth and the bullish channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $531,585,671,022. Moving averages indicate a short-term bullish trend for Ethereum. Prices went up from the area between the signal lines, which indicates pressure from buyers and a potential continuation of the rise in the asset value from the current levels. At the moment, we should expect an attempt to develop a small correction in the value of the coin and a test of the support level…

XRP/USD are trading at 1.0897 and continue to move as part of the correction and the bullish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $52,517,770,607. Moving averages indicate a short-term bullish trend for Ripple. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the asset and the potential continuation of the XRP rate decline in the market already from the current levels. At the moment, we should expect an attempt to develop an asset correction and a test of the support level…

Stock index S&P 500 continue to move within the framework of the growth and the bullish channel. Moving averages indicate a short-term bullish trend. Prices broke up the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continuation of the rise of the stock index in the market from the current levels. At the time of the publication of the forecast, the index is trading at 4600. At the moment, we should expect an attempt to develop a fall and test the support level near the 4535 area. Where can we expect…

LTC/USD are traded at 196.84 and continue to move as part of the correction and left the bearish channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $13,819,335,819. Moving averages indicate a short-term bullish trend for Litecoin. Prices went up from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a correction in the value of a digital asset and a test of the support level near…